3 Myths People Commonly Tell You (And Often Believe) About Their Domain Names

This domain name would make a fortune if it was developed – this is the most common myth I hear and most people do honestly believe it. They bought a domain, have done nothing with it, but are sure that it would make thousands of dollars a month if it was developed. Typically they’ll say things like, “I don’t have the time to build it out” when the reality is it would probably take a fortune to build a business on it and eventually turn a profit. If a domain would make a fortune developed, and all it would take is a few weekends here and there, someone would already be doing it themselves, not trying to sell it to you for a few thousand dollars. Yes, I know, we all think our portfolios could generate millions of dollars if we developed each and every name, but the reality is that development takes a huge upfront investment in time and money to build a real business on the ...